Nicholas Yang Visits Seattle

Secretary for Innovation & Technology Nicholas Yang has visited technology firms Microsoft and Amazon in Seattle.

      

He first toured the Microsoft campus where he watched technology demonstrations, viewed innovative new devices and met the firm's senior management.

 

Noting that Microsoft has been collaborating with Cyberport, the Science & Technology Parks Corporation and tertiary institutes, Mr Yang hoped the company would continue to work with Hong Kong's various sectors in accelerating digital transformation.

 

At a business luncheon co-organised by Greater Seattle Partners and the Washington State China Relations Council, he said the Hong Kong Special Administrative Region Government is determined to develop innovation and technology with a commitment of US$12.8 billion in the past two years.

 

A super tax deduction of up to 300% has also been introduced to attract more private businesses to invest in research and development, while two key research clusters - Health@InnoHK and AIR@InnoHK - are being formed, focusing on healthcare and robotics technologies, Mr Yang added.

 

He encouraged more US companies to grasp new business opportunities in Hong Kong, given its active participation in developing an international innovation and technology hub in the Guangdong-Hong Kong-Macao Greater Bay Area.

      

During a meeting with Senior Deputy Mayor of Seattle Michael Fong, Mr Yang noted that Seattle is a thriving technology hub and home to a burgeoning startup scene and he looked forward to Hong Kong forging a closer collaboration with the city on the technology front.

      

He then met Amazon Web Services' senior executives and toured Amazon Spheres and Amazon Go.

 

Mr Yang said he was glad that Amazon Web Services launched a cloud region in Hong Kong earlier this year, noting the move enhances the city's position as an international data hub and promotes wider use of cloud among local small and medium enterprises.

      

He concluded his visit to Seattle by attending a dinner hosted by Microsoft's Executive Vice President Harry Shum.

RECENT NEWS

US Stocks Rise On Hopes Of Pause In Rate Increases

Wall Street stocks finished solidly higher on Thursday, reflecting better sentiment on the US economy and a consensus vi... Read more

China's Financial Risks 'controllable': Regulators

The head of the National Financial Regulatory Administration on Thursday told a high-profile forum in Shanghai that the ... Read more

Banks Cut Yuan Deposit Rates, Could Boost Consumption

China's biggest banks on Thursday said they have lowered interest rates on yuan deposits, in actions that could ease pre... Read more

Cheese And Wine Put EU, Australia Deal In Peril

Australia on Thursday threatened to walk away from a blockbuster free trade deal with the European Union unless its prod... Read more

US Stocks End Mixed As Tech Shares Are Sold Off

Gains by industrial companies lifted the Dow on Wednesday, while weakness among technology shares pushed the Nasdaq deci... Read more

Amazon 'plans Prime Video Streaming Service With Ads'

Amazon.com is planning to launch an advertising-supported tier of its Prime Video streaming service, the Wall Street Jou... Read more